Tag Archives: Oil Market

Global oil stocks are likely to have fallen in Q3 for just the second time since oil prices started collapsing in 2014.

The current reduction deal is sufficient to achieve the desired purpose.

In Q4. China is not expected to build inventories. because oil demand is expected to remain strong. according to the IEA.

The oil market will not react to the statement of US President Donald Trump about Washington'.s new policy toward Tehran.

U.S. sanctions could cut off a lot of Iranian oil trade finance.

Under the production agreement. OPEC committed to 32.5 million bpd.

In recent years. several nations opposed to the dollar being the world'.s reserve currency have progressively sought to try and abandon it.

OPEC realized the importance of working with Russia two decades ago. but the Russians did not understand the importance of working with OPEC until lately.

OPEC is to meet in November to discuss a possible extension of the deal beyond March.

Crude oil in floating storage is declining. showing that the market is rebalancing.